6-846. Making of escrow rates A. Every escrow agent who is also a title insurer or title insurance agent licensed under title 20 shall make escrow rates that are not excessive or inadequate for the safety and soundness of the escrow agent, that do not unfairly discriminate between risks in this state which involve essentially […]
6-846.01. Filing of escrow rates A. Every escrow agent who is required to make escrow rates under section 6-846 shall file with the deputy director the escrow agent’s schedules of fees, every manual of classifications, the rules and plans pertaining to the manual and every modification of any of the foregoing. The filing shall state […]
6-846.02. Justification for escrow rates A. An escrow agent shall accompany a rate filing with a statement setting forth the basis on which the rate was fixed and the manner in which the fees are to be computed. A filing may be justified by: 1. The experience or judgment of the escrow agent making the […]
6-846.03. Disapproval of escrow filings A. Before issuing an order of disapproval and not less than twenty days after written notice, the deputy director shall hold a hearing on an escrow rate filing. The notice shall specify in reasonable detail the matters to be considered at the hearing and shall be sent to every escrow […]
6-846.04. Deviations in escrow rates; civil penalty A. An escrow agent may not deviate from his escrow rates that are in effect pursuant to section 6-846.01. B. If the deputy director finds that an escrow rate has been charged that deviates from the escrow rate in effect pursuant to section 6-846.01, the escrow agent may […]
